Word: gresham
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...vice: a Harvard football player was fatally stabbed, an exotic dancer was strangled, and a brisk trade in guns sprang up. Looking for ways to curb the rough stuff without closing the zone down, the Boston Redevelopment Authority (BRA) has devised a strategy based on a reversal of Gresham's law: a theory that good will drive out bad. The planners have announced a ten-year building program designed to ring the zone with respectability. Just west of it will rise a $300 million park plaza with shops, hotels and apartments. On the south will be an expansion...
...million-exactly the same as its upstart rival Penthouse. (Hustler and Playboy's naughtier younger brother Oui are the other two top sellers.) Since with age and success Playboy has become the most "conservative" of the sex magazines, some might argue that its newsstand decline only proves Gresham's law. But this morality play isn't all that simple. It has more to do with society's shifting sexual standards and who is more adept at exploiting them. In this, Penthouse Publisher Bob Guccione, a canny tortoise, has at least drawn even with the Bunnies...
...American Indians are winning some battles with the white man these days, and while at first glance that might seem only a just historical retribution, the rule of law is suffering in the process. The latest incident took place last week near Gresham, Wis. There the nearly two-month-old occupation of a 64-room, 237-acre Catholic novitiate by a band of Menominee Indians ended with an agreement by its owner, the Alexian Brothers Order, to yield its property to the Indians...
...most society members seem to disagree. And the guest for the audience drives the societies into a variant of Gresham's Law: Bad films drive out good. Among the most successful of the Films Across the River series last year was "Vixen"; Winthrop Films will offer "99 Women" this spring; and GSD Films is lustfully eyeing "Deep Throat" for next year...
...work is a peculiar Gresham's law (bad drives out good) that was inadvertently set in motion in 1968 by the Federal Government's decision to cut research grants and fellowships. It caused prestigious universities, which already were caught in a budget squeeze, to reduce graduate enrollments by 8%. But many public schools of lower quality had only recently founded graduate programs-largely for reasons of status, not need. "To ensure their place in the academic sun," the task force said, such schools obtained more state funds and boosted their enrollments by a total of 10%. Moreover, since...